Spending $300 million to save a trader 2.6 milliseconds per order?! Just how long (or short) of a time period is a millisecond? Some examples: 3ms = a housefly’s wing flap. 134ms = time taken by light to travel around the Earth’s equator. 300-400ms = the blink of a human eye. So what is a millisecond worth in the trading world? Is it $115.38 million? Is it some level less than that?

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